African Business News

Seven Energy To Supply 10 Nigerian Power Plants With Gas

One of Nigeria’s foremost gas processing firms, Seven Energy, has initiated negotiations with 10 power plants over the possibility of supplying gas, in a move which would significantly boost current generation output.

A gas sale agreement has already been established with Akwa Ibom Power Plant, while Seven Energy is in the process of developing infrastructure to extend supply to neighbouring cities including Calabar, Port Harcourt, and Aba.

To this effect, sub-Saharan Africa’s largest gas processing plant has been installed by the company, and a 200-kilometers gas pipeline has also been constructed. The processing plant has the ability to “process 220 million standard cubic feet of gas per day,” Nigerian daily Business Day reported.

According to Seven Energy’s MD, Philip Ihenacho, the firm wants to eliminate redundancy in gas supply, enhancing the efficiency of power plants in the country in the process. Most power plants in Nigeria are gas-driven, given its abundant reserves.

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Bentley SUV shaping up for 2016 launch

Bentley started the countdown to the 2016 launch of its first ever SUV with the release of a teaser image, but we’ve taken things a step further with our illustration of how we think the new car will shape up.

The SUV is expected to launch with Bentley’s W12 engine, but a plug-in hybrid version has been confirmed and a diesel engine is also likely to figure. Pricing should start at close to £140,000 with some versions costing upwards of £200,000.

The SUV will be built at Bentley’s Crewe plant, where Auto Express caught up with Bentley’s design director Luc Donckerwolke for an exclusive chat.

Donckerwolke has been working at Crewe for the past 18 months, following a stint heading up Seat’s design team and also working at Lamborghini, Audi and Skoda. And the SUV is the first Donckerwolke-penned Bentley we’ll see.

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World’s Biggest Hydro Power Project

The World Bank has approved a $73.1 million grant for the massive and controversial $80 billion—by conservative estimates–Grand Inga’s first stage in a project that has so far spanned five decades to tap the Congo River’s massive energy potential.  The Grand Inga has the potential to supply energy to half of Africa’s 1 billion people–only 40 percent of whom have electricity today.  The Grand Inga is expected to provide 40,000 MW of electricity—twice that of the world’s current largest hydroelectric project, China’s Three Gorges Dam.

In addition to the World Bank’s grant, the African Development Bank’s International Development Association (IDA) approved $33.4 million last year.  These funds will go towards establishing a legal framework and state authority to oversee the construction of the first stage of the project and operations in the infamously politically volatile and corrupt nation.

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Daimler India begins export of trucks to Tanzania

Daimler India Commercial Vehicles (DICV), the 100% wholly owned subsidiary of German auto biggie Daimler AG, along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), also a Daimler group company, launched DICV-made trucks in Tanzania, making it the fourth market since the start of export operations at the DICV Chennai plant in May 2013.

As part of the first 15 export markets for DICV under the new Asia Business Model, the Tanzanian market is a key market in Africa. The trucks will be sold through the exclusive dealer, Diamond Motors Limited, in Tanzania.

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